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Charging as a Service Market Size, Share, Trends & Analysis by 2035

03-20-2025 11:44 PM CET | Logistics & Transport

Press release from: ABNewswire

Charging as a Service Market Size, Share, Trends & Analysis

Charging as a Service Market by Charger Type (AC Charger, DC Charger), End Use (Private Charging Setup (Semi-Commercial), Public Charging Setup (Commercial)), Fleet service type (Company Vehicles & Motor Pools) - Global Forecast to 2035
The global Charging as a Service Market [https://www.marketsandmarkets.com/Market-Reports/charging-as-a-service-market-73556797.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=charging-as-a-service-market] is projected to grow from USD 165.9 million in 2025 to USD 2,135.0 million by 2035, registering a CAGR of 29.1%. Charging as a Service is a business model that allows fleet operators to use EV charging infrastructure without owning or managing charging stations. A third party owns and operates the charging infrastructure, while fleets pay per usage through pay-as-you-go or subscription/contract models. A seamless charging experience encourages repeat visits, fostering customer loyalty. Companies can monetize charging services through direct fees or indirect sales growth while customers wait. For instance, airports and aviation hubs can integrate charging solutions to support sustainable travel and cater to electric fleet operators.

Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.

OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla's NACS Supercharger network, enabling their EVs to use Tesla's charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint. In 2022, Hyundai expanded its Ionity partnership in Europe, GM integrated multiple CPOs into its Ultium Charge 360 network, and Rivian developed its Adventure Network alongside Electrify America. In December 2024, ChargePoint and General Motors announced plans to install up to 500 ultra-fast EV charging ports across the U.S. under the GM Energy brand. The network is expected to be operational by the end of 2025. Also, these chargers will feature ChargePoint's Omni Port system, allowing vehicles with CCS or NACS connectors to charge without an adapter. The deployment will also include ChargePoint's Express Plus platform, offering charging speeds up to 500kW.

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Shared apartment spaces to lead semi-public charging segment during forecast period

Compared to single-family homes, shared apartment spaces or MUDs face limited parking, electrical capacity constraints, and cost-sharing complexities. Charging as a Service addresses these issues by allowing third-party providers to install, manage, and maintain charging stations, reducing the financial and operational burden on property owners and homeowners' associations. This ensures reliable access to charging without requiring significant infrastructure investments from individual residents. Charging providers handle site assessment, permitting, installation, and maintenance. Meanwhile, residents access chargers through a subscription-based or pay-per-use model, typically managed via mobile applications that enable reservations, payments, and usage tracking. Smart load management systems optimize power distribution to prevent electrical overloads and maximize efficiency.

"North America is expected to be the significant Charging as a Service market by 2035."

Charging as a Service in North America is expanding due to investments in infrastructure, technology, and partnerships. The expansion of Charging as a Service in North America has improved EV accessibility, reduced charging downtime, and supported grid stability. OEMs and charging providers are adding high-power charging networks. For instance, in February 2024, Ionna, a joint venture by Mercedes-Benz, BMW, General Motors, Stellantis, Honda, Hyundai, and Kia, planned to install 30,000 high-power chargers in the region. Tesla is expanding its Supercharger network and has started opening it to non-Tesla EVs. ChargePoint and Electrify America continue to expand Level 2 and DC fast-charging stations. The launch of Ionna and the expansion of Tesla's Supercharger network have increased the availability of high-power chargers, reducing range anxiety for EV owners. The decision to open Tesla Superchargers to non-Tesla vehicles has also improved interoperability, benefiting a wider range of EV users.

Key Players

The major players in the Charging as a Service market include ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China). These players have been adopting strategies to sustain their positions in the market. Major strategies adopted are product launches and deals. These strategies have been analyzed to understand the positions of these companies in the market. Charging Point Operators focus on maintaining their strategic positions in the market by launching new and advanced service offerings. These companies offer charging as a service and have strong global distribution networks. For instance, in November 2024, ChargePoint, Inc. introduced the ChargePoint Essential cloud plan as an alternative to traditional cloud subscriptions. Instead of a fixed subscription fee, the software cost is covered by user-charging payments, with any extra revenue going to the station owner. This plan reduces upfront costs, making EV charging more accessible to customers.

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Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
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State: Florida
Country: United States
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